Amalgamated Bank Has $2.51 Million Stake in The J. M. Smucker Company (NYSE:SJM)

Amalgamated Bank reduced its position in The J. M. Smucker Company (NYSE:SJM - Free Report) by 21.7% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,743 shares of the company's stock after selling 5,750 shares during the period. Amalgamated Bank's holdings in J. M. Smucker were worth $2,512,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of SJM. Studio Investment Management LLC acquired a new position in J. M. Smucker in the 2nd quarter worth about $26,000. Quarry LP increased its position in J. M. Smucker by 212.6% in the 2nd quarter. Quarry LP now owns 322 shares of the company's stock worth $35,000 after purchasing an additional 219 shares during the last quarter. Catalyst Capital Advisors LLC acquired a new position in J. M. Smucker in the 3rd quarter worth about $39,000. Eastern Bank acquired a new position in J. M. Smucker in the 3rd quarter worth about $40,000. Finally, Rothschild Investment LLC acquired a new position in shares of J. M. Smucker during the 2nd quarter valued at about $42,000. 81.66% of the stock is owned by institutional investors and hedge funds.

J. M. Smucker Stock Performance

Shares of SJM stock traded down $1.80 during mid-day trading on Monday, reaching $113.65. The stock had a trading volume of 1,135,123 shares, compared to its average volume of 1,150,172. The firm's 50 day simple moving average is $118.05 and its 200 day simple moving average is $115.69. The company has a quick ratio of 0.25, a current ratio of 0.55 and a debt-to-equity ratio of 0.87. The J. M. Smucker Company has a one year low of $105.69 and a one year high of $134.62. The firm has a market cap of $12.09 billion, a PE ratio of 16.07, a P/E/G ratio of 3.30 and a beta of 0.25.

J. M. Smucker (NYSE:SJM - Get Free Report) last announced its quarterly earnings data on Wednesday, August 28th. The company reported $2.44 EPS for the quarter, topping analysts' consensus estimates of $2.17 by $0.27. J. M. Smucker had a return on equity of 14.22% and a net margin of 8.77%. The company had revenue of $2.13 billion during the quarter, compared to the consensus estimate of $2.13 billion. During the same quarter last year, the company earned $2.21 EPS. The company's quarterly revenue was up 17.7% on a year-over-year basis. On average, analysts forecast that The J. M. Smucker Company will post 9.8 EPS for the current year.

J. M. Smucker Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, December 2nd. Investors of record on Friday, November 15th will be given a dividend of $1.08 per share. The ex-dividend date is Friday, November 15th. This represents a $4.32 annualized dividend and a dividend yield of 3.80%. J. M. Smucker's dividend payout ratio (DPR) is presently 61.10%.

Analyst Ratings Changes

A number of research analysts have recently commented on SJM shares. BNP Paribas raised J. M. Smucker to a "strong sell" rating in a report on Thursday, August 29th. StockNews.com raised J. M. Smucker from a "sell" rating to a "hold" rating in a report on Monday, September 30th. Bank of America lowered their price objective on J. M. Smucker from $130.00 to $122.00 and set a "neutral" rating on the stock in a report on Thursday, August 29th. Wells Fargo & Company lowered their price objective on J. M. Smucker from $140.00 to $130.00 and set an "overweight" rating on the stock in a report on Thursday, August 29th. Finally, DA Davidson reissued a "neutral" rating and set a $121.00 price objective on shares of J. M. Smucker in a report on Thursday, August 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, J. M. Smucker has a consensus rating of "Hold" and a consensus price target of $126.42.

J. M. Smucker Profile

The J. M. Smucker Company manufactures and markets branded food and beverage products worldwide. It operates in three segments: U.S. Retail Pet Foods, U.S. Retail Coffee, and U.S. Retail Consumer Foods. The company offers mainstream roast, ground, single serve, and premium coffee; peanut butter and specialty spreads; fruit spreads, toppings, and syrups; jelly products; nut mix products; shortening and oils; frozen sandwiches and snacks; pet food and pet snacks; and foodservice hot beverage, foodservice portion control, and flour products, as well as dog and cat food, frozen handheld products, juices and beverages, and baking mixes and ingredients.